Concept explainers
Case summary:
Company J is an investment bank and financial services company in Country U. It concentrates on competitor’s strategies and their plans whether any changes required in its operations, it quickly adapt the changes.
It designed a multipronged approach that is combination of competition and cooperation and reduce the threat of digital innovators and taking control into its markets and positioning banks for a vastly changed landscape.
Later on company J entered
This strategy is paying off so for Company J. This strategy brings profits and revenues to company.
To know: Type of competition that company J engages in
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